- Issuer
- Fidelity
- Inception Date
- May 30, 2017
- Category
- Commodities
- Index Tracked
- Bloomberg Commodity Total Return Index
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FYHTX Performance Chart
Fidelity Commodity Strategy Fund (FYHTX) is up 13.2% since the beginning of the year. FYHTX is currently trading at $115 per share. Investors who bought $1,000 worth of FYHTX shares 5 years ago would now be looking at an investment worth $1,563.
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Returns By Period
Fidelity Commodity Strategy Fund (FYHTX) has returned 13.20% so far this year and 18.10% over the past 12 months.
Fidelity Commodity Strategy Fund
- 1D
- -0.34%
- 1M
- -6.17%
- YTD
- 13.20%
- 6M
- 13.13%
- 1Y
- 18.10%
- 3Y*
- 9.43%
- 5Y*
- 9.34%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FYHTX Monthly Returns History
Based on dividend-adjusted daily data since May 30, 2017, FYHTX's average daily return is +0.03%, while the average monthly return is +0.58%. At this rate, an investment would double in approximately 10.0 years.
Historically, 55% of months were positive and 45% were negative. The best month was Jan 2022 with a return of +8.7%, while the worst month was Mar 2020 at -13.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FYHTX closed higher 53% of trading days. The best single day was Mar 1, 2022 with a return of +4.2%, while the worst single day was Mar 9, 2022 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.60% | 1.77% | 4.66% | 4.45% | -1.16% | -5.20% | 13.20% | ||||||
| 2025 | 4.00% | 0.74% | 3.71% | -5.04% | -0.37% | 2.30% | -0.57% | 1.92% | 2.27% | 2.32% | 2.37% | 0.50% | 14.72% |
| 2024 | 0.20% | -1.46% | 3.32% | 2.50% | 1.92% | -1.73% | -3.71% | -0.26% | 4.57% | -1.38% | 0.00% | 0.98% | 4.73% |
| 2023 | -0.55% | -5.00% | -0.17% | -0.79% | -5.72% | 3.97% | 6.26% | -0.82% | -0.75% | 0.35% | -2.57% | -2.57% | -8.62% |
| 2022 | 8.67% | 6.30% | 7.50% | 3.86% | 1.77% | -10.60% | 3.69% | -0.09% | -6.93% | 1.57% | 3.35% | -2.89% | 15.32% |
| 2021 | 2.50% | 6.33% | -2.18% | 8.20% | 2.92% | 1.89% | 1.55% | -0.30% | 4.88% | 2.92% | -7.42% | 3.30% | 26.43% |
Benchmark Metrics
Fidelity Commodity Strategy Fund has an annualized alpha of 4.03%, beta of 0.23, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since May 30, 2017.
- This fund participated in 41.87% of S&P 500 Index downside but only 36.65% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.23 may look defensive, but with R2 of 0.09 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.09 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.03%
- Beta
- 0.23
- R²
- 0.09
- Upside Capture
- 36.65%
- Downside Capture
- 41.87%
Expense Ratio
FYHTX has an expense ratio of 0.63%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FYHTX ranks 24 for risk / return — below 24% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Fidelity Commodity Strategy Fund (FYHTX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FYHTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.78 | -0.87 |
| Martin ratioReturn relative to average drawdown | 5.76 | 12.44 | -6.68 |
Dividends
Dividend History
Fidelity Commodity Strategy Fund provided a 2.59% dividend yield over the last twelve months, with an annual payout of $2.98 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.98 | $2.98 | $3.45 | $3.72 | $59.16 | $21.12 | $0.00 | $9.33 | $16.69 | $0.61 |
Dividend yield | 2.59% | 2.93% | 3.78% | 4.10% | 57.34% | 15.05% | 0.00% | 7.00% | 12.49% | 0.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Commodity Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.83 | $0.00 | $0.00 | $1.15 | $2.98 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.13 | $0.00 | $0.00 | $1.33 | $3.45 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.09 | $0.00 | $1.63 | $0.00 | $3.72 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $58.26 | $0.00 | $0.90 | $0.00 | $59.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $21.12 | $0.00 | $0.00 | $0.00 | $21.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Commodity Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Commodity Strategy Fund was 33.22%, occurring on Apr 27, 2020. Recovery took 252 trading sessions.
The current Fidelity Commodity Strategy Fund drawdown is 9.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.22%Apr 2020 | 1y 11mo | 1y | 2y 11moMay 2018 - Apr 2021 |
2023 bear market2023 | -25.47%May 2023 | 11mo 27d | 2y 7mo | 3y 7moJun 2022 - Jan 2026 |
2021 correction2021 | -10.46%Dec 2021 | 1mo 6d | 1mo 27d | 3mo 3dOct 2021 - Jan 2022 |
Bear market2022 | -10.30%Mar 2022 | 7d | 2mo 22d | 2mo 29dMar 2022 - Jun 2022 |
2026 pullback2026 | -9.36%Jun 2026 | 1mo 6d | — | 1mo 11dMay 2026 - now |
Drawdown Indicators
| FYHTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.22% | -56.78% | +23.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -9.10% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -11.52% | -18.90% | +7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.47% | -25.43% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -9.36% | -1.80% | -7.56% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -10.71% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.03% | +1.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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